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Post by dudave on Aug 8, 2017 15:57:34 GMT
What i'm looking for is platforms i could invest in pounds, small amount on each loan, at least 9% interest rate and ideally with a decent secondary market. I wouldn't look at headline rate as it is rather meaningless. What is important is the return after deductions (fees and bad debts). The newer platforms will not have been around long enough for bad debt to emerge, and therefore a like for like comparison is not valid.
There are now over 90 P2P platforms (www.p2pmoney.co.uk/companies.htm) servicing customers from the UK so there is a massive choice. I would also suggest looking at rebuildingsociety, but also stick with the platforms you are comfortable with.
You are correct on a certain level, although past performance do not guaranty future performance for the good or bad. i am always taking bad debts into consideration and although my portfolio is extremely diversified on each platform i use, i still calculate my potential gain 10% less then what it's supposed to be, just in case i do get 2-3 bad debts here and there (so far only happened to me on Mintos and Twino but this was not a big surprise). Regarding rebuildingsociety i have ruled it out at the very beginning, still can't see any upside there.
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bfish
Member of DD Central
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Post by bfish on Aug 11, 2017 7:47:53 GMT
Property Partner are a good bet just now if you want direct property (rather than property loan) exposure, with a lot of 5% yielding new properties and plenty of discounted properties on the SM Hi 'dudave', While not professing much expertise, I also invest in the first 6 of your list (no experience of the others). However, in the last few months Property Partner has definitely become my favourite. While a little time consuming to get used to, and not being an IFISA, nonetheless (it seems) more tax efficient than many, and an interesting mix of relatively low monthly dividends, combined with fair potential for capital growth. If you haven't invested with them yet, I would gladly split my £100 referral cashback with you . . . if or when you are able to put in £5k - assuming you use my link ! All the best 🤓
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Post by nellerdk on Aug 12, 2017 10:47:41 GMT
I heard good things about robo.cash, but I am not investing there myself. And it sucks that you can only transfer money to them with bank transfer.
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Post by albermarle on Aug 13, 2017 10:22:44 GMT
Lending Crowd have an offer on currently - £150 cashback if you invest £2500 before the end of August. They are probably best described as a small version of Funding Circle.
Loans to SME's ( no property loans) ,that are unsecured/partly secured/secured , depending on the circumstances.
New loans ( about two a week) are bid for at auction and around 13% is typically possible . Rates on the SM are significantly lower usually and it has had problems with slow sales .On the P2P forum site , there are some negative comments about their DD and default/ recovery rates , which has been around 5%, but so far no problems with 2017 loans but early days.
Anyway the £150 on £2500 = 6% so it puts quite a decent buffer in place.
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Post by df on Aug 13, 2017 22:09:04 GMT
Hello everyone! i'm not posting here very often but i'v been following this forum on a regular basis for the past 9 months, which is when i started investing in P2P. overall i am very happy with the platforms i am using but i now have some additional money i am considering investing in P2P, now the question is: should i spread it along the platforms i am currently using or should i look for some other platforms? i do not have the answer but maybe you guys can help me make up my mind. These are the platforms i am currently invested in: Moneything Lendy Funding Secure Assetz Capital Collateral Ablerate Mintos Twino Viainvest These are the platforms i got out from or am trying to get out from: Unbolted FundingKnight Lendinvest Crowd2Fund Property Moose Bondmason What i'm looking for is platforms i could invest in pounds, small amount on each loan, at least 9% interest rate and ideally with a decent secondary market. Thanks in advance! David FC, LC and ReBS. I think 9%+ (after fees and bad loss) is achievable across three of them if you diversify.
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ben
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Post by ben on Aug 13, 2017 22:18:37 GMT
Lending Crowd have an offer on currently - £150 cashback if you invest £2500 before the end of August. They are probably best described as a small version of Funding Circle. Loans to SME's ( no property loans) ,that are unsecured/partly secured/secured , depending on the circumstances. New loans ( about two a week) are bid for at auction and around 13% is typically possible . Rates on the SM are significantly lower usually and it has had problems with slow sales .On the P2P forum site , there are some negative comments about their DD and default/ recovery rates , which has been around 5%, but so far no problems with 2017 loans but early days. Anyway the £150 on £2500 = 6% so it puts quite a decent buffer in place. Not used LC myself but if you look at the posts in the forum from other users that joined for the bonus I think most are not that impressed and can't wait to get out.
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Post by df on Aug 13, 2017 22:41:31 GMT
Lending Crowd have an offer on currently - £150 cashback if you invest £2500 before the end of August. They are probably best described as a small version of Funding Circle. Loans to SME's ( no property loans) ,that are unsecured/partly secured/secured , depending on the circumstances. New loans ( about two a week) are bid for at auction and around 13% is typically possible . Rates on the SM are significantly lower usually and it has had problems with slow sales .On the P2P forum site , there are some negative comments about their DD and default/ recovery rates , which has been around 5%, but so far no problems with 2017 loans but early days. Anyway the £150 on £2500 = 6% so it puts quite a decent buffer in place. Not used LC myself but if you look at the posts in the forum from other users that joined for the bonus I think most are not that impressed and can't wait to get out. Most of the posts on the forum are negative because naturally people tend to discuss problems and difficulties. My experience with LC was okay so far.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Aug 13, 2017 22:44:53 GMT
Hello everyone! i'm not posting here very often but i'v been following this forum on a regular basis for the past 9 months, which is when i started investing in P2P. overall i am very happy with the platforms i am using but i now have some additional money i am considering investing in P2P, now the question is: should i spread it along the platforms i am currently using or should i look for some other platforms? i do not have the answer but maybe you guys can help me make up my mind. These are the platforms i am currently invested in: Moneything Lendy Funding Secure Assetz Capital Collateral Ablerate Mintos Twino Viainvest These are the platforms i got out from or am trying to get out from: Unbolted FundingKnight Lendinvest Crowd2Fund Property Moose Bondmason What i'm looking for is platforms i could invest in pounds, small amount on each loan, at least 9% interest rate and ideally with a decent secondary market. Thanks in advance! David FC, LC and ReBS. I think 9%+ (after fees and bad loss) is achievable across three of them if you diversify. As are high losses and early default along with poor quality platform dd and security on two of them.
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Post by easteregg on Aug 14, 2017 11:51:48 GMT
I wouldn't look at headline rate as it is rather meaningless. What is important is the return after deductions (fees and bad debts). The newer platforms will not have been around long enough for bad debt to emerge, and therefore a like for like comparison is not valid.
There are now over 90 P2P platforms (www.p2pmoney.co.uk/companies.htm) servicing customers from the UK so there is a massive choice. I would also suggest looking at rebuildingsociety, but also stick with the platforms you are comfortable with.
Morning to you. Could you please explain the rational behind your choice of ReBS Thanks in advance Apologies for the delay in responding. While ReBS has a not insignificant number of defaults, the actualy returns after bad debts are still relatively high, even taking into account that some of the defaults will turn into larger bad debts.
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justme
Member of DD Central
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Post by justme on Aug 14, 2017 12:24:26 GMT
Op, why you getting out of unbolted ?
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Post by dodgeydave on Aug 14, 2017 13:57:36 GMT
easteregg Morning to you. Could you please explain the rational behind your choice of ReBS Thanks in advance Apologies for the delay in responding. While ReBS has a not insignificant number of defaults, the actualy returns after bad debts are still relatively high, even taking into account that some of the defaults will turn into larger bad debts. But should we be recommending them ? The loan book is not growing. No new loans this month so far. I think 2 last month which filled. The bad debts grow each month and the recoveries are non existent . Its certainly a platform for the more experienced investor as the only way to grow a loan book is via the SM
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Post by mrclondon on Aug 14, 2017 17:11:07 GMT
Agree with Cavalier, you have tested out pretty much all the current options for high return / small ticket sizes / GBP. Property crowd & Bridgecrowd offer over 10% rates but they have very big minimum ticket sizes. Allocating more capital to your existing platforms may be a great strategy. You also might want to take a look at Relendex - they have rates that are usually 8-9% and you can invest in smaller sizes per investment. They have an auction format for loan sales. This comparison table here has all the potential UK secured options, may be useful. Property crowd has just posted that they are reducing the minimum from £5k to c. £1k p2pindependentforum.com/post/207831/thread
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Post by Iain - Orca on Aug 14, 2017 17:57:18 GMT
We (Orca) are running a cashback promotion with Flender at the moment. I appreciate it's a Euro account, however, lenders will receive a €100 into their account after they deposit and lend €1000. The article below explains the terms of the offer and has a link to access the cashback offer. There is a further list of other cashback offers which was updated last week. www.orcamoney.com/blog/p2p-cashbackIn the interest of transparency depending on the platform we may receive a referral fee. This includes Flender. |
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Post by dudave on Aug 14, 2017 20:50:11 GMT
Op, why you getting out of unbolted ? As i mentioned, because of the relatively low filling rate and lack of secondary market.
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Post by explorep2p on Aug 14, 2017 21:18:46 GMT
[/quote]Property crowd has just posted that they are reducing the minimum from £5k to c. £1k p2pindependentforum.com/post/207831/thread[/quote] Yes. The reduction is for the IFISA program, the standard investments had a 1k min already. We are big fans of Property Crowd, but it's still a big minimum for a lot of investors! |
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